NXT vs. SPUU
Compare and contrast key facts about Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or SPUU.
Key characteristics
| NXT | SPUU | |
|---|---|---|
| YTD Return | -8.67% | 9.80% |
| 1Y Return | 38.61% | 39.31% |
| 3Y Return (Ann) | 126.55% | 8.89% |
| 5Y Return (Ann) | 126.55% | 18.97% |
| Sharpe Ratio | 0.65 | 1.71 |
| Daily Std Dev | 54.91% | 23.03% |
| Max Drawdown | -49.95% | -59.35% |
| Current Drawdown | -29.73% | -8.27% |
Correlation
The correlation between NXT and SPUU is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NXT vs. SPUU - Performance Comparison
In the year-to-date period, NXT achieves a -8.67% return, which is significantly lower than SPUU's 9.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NXT vs. SPUU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
NXT vs. SPUU - Dividend Comparison
NXT has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 1.00%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
NXT Nextracker Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 1.00% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% |
Drawdowns
NXT vs. SPUU - Drawdown Comparison
The maximum NXT drawdown since its inception was -49.95%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for NXT and SPUU. For additional features, visit the drawdowns tool.
Volatility
NXT vs. SPUU - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 11.65% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 7.59%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.